Morex Composites Private Limited
About Morex Composites Private Limited
Data last updated:
Morex Composites Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 09 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24290MH1996PTC097097. Its GSTIN is 27AADCM4408Q1Z2 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹28.47 Lakh. It was formerly known as Morex Investments Private Limited. It is led by directors Santosh Kumar Anandilal More and Bijoy Kumar Anandilal More.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.31 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹53.63 Lakh (net margin 4.4%) and EBITDA of ₹1.04 Cr (EBITDA margin 8.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹2.2 Cr and satisfied charges of ₹2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUnit No 803 Ruby Crescent Business Boulevard Chakravarty Ashok Rd Ashok Nagar Kandi, Vali East, Mumbai, Maharashtra, India – 400101
- IndustryManufacturing, Glass & Products
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Morex Composites Private Limited
The main business activity of Morex Composites is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Morex Composites Private Limited FY 2024 filings available
Morex Composites Private Limited reported revenue of ₹12.31 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Morex Composites Private Limited
Revenue rose 2% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 64% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Morex Composites Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹53.63 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Morex Composites Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Morex Composites are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Morex Composites Private Limited
Morex Composites Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Glass Works). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pioneer Semicon Materials Private Limited | •••• | •••• | •••• | •••• | - | Aurangabad, Maharashtra, India |
| Gudex Glass Industries Private Limited | •••• | •••• | •••• | •••• | 32 | New Delhi, Delhi, India |
| Brahmani Glasstech India Private Limited | •••• | •••• | •••• | •••• | - | Ankleshwar, Gujarat, India |
| Allied Glasses Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| MG Glass (OPC) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Morex Composites Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Anand Glass Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| DK Glass Solutions Private Limited | •••• | •••• | •••• | •••• | - | Nashik, Maharashtra, India |
| City Life Appliance Industries Private Limited | •••• | •••• | •••• | •••• | - | Lucknow, Uttar Pradesh, India |
| Mars Glass Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Dadakrupa Glass Private Limited | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Morex Composites by revenue in the Manufacturing industry (Glass Works), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Morex Composites Private Limited
Morex Composites Private Limited is audited by A.M. Jain & Co. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A.M. Jain & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Morex Composites Private Limited
Morex Composites has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kumar Anandilal More Also directs: Anirudh Resins Private Limited, Morex Industries Private Limited | Director | 12 Feb 1996 | 30 Years 7 Months | Current |
| Bijoy Kumar Anandilal More Also directs: Godha Chemicals Pvt Ltd | Director | 18 Apr 2013 | 13 Years 5 Months | Current |
Ownership and Shareholding of Morex Composites Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Morex Composites Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Aug 2021 | Axis Bank Limited | ₹20.4 Lakh | Open |
| 27 Jul 2017 | Axis Bank Limited | ₹2 Cr | Open |
| 05 Mar 2016 | Hdfc Bank Limited | ₹1 Cr | Satisfied |
| 10 Jun 2013 | Oriental Bank of Commerce | ₹1 Cr | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Morex Composites Private Limited
Employment history and EPFO contributions of people linked to Morex Composites.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Morex Composites Private Limited
Morex Composites has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Morex Industries Private Limited | U99999MH1991PTC064189 | Locked |
Showing major subsidiaries. Total: 1.
CIN History of Morex Composites Private Limited
Morex Composites has one previous CIN (Corporate Identification Number): U65990MH1996PTC097097. The current CIN is U24290MH1996PTC097097, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24290MH1996PTC097097 | Current |
| U65990MH1996PTC097097 | Previous |
Recent Activity on Morex Composites Private Limited
Morex Composites Private Limited has 4 board changes on record since 1996: 2 appointments and 2 cessations. The latest: Ajay Kumar Anandilal More ceased to be Director on 18 Apr 2013.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Morex Composites Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Morex Composites Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Morex Composites Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Morex Composites Private Limited
Morex Composites has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM4408Q1Z2 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Morex Composites Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Morex Composites Private Limited
Morex Composites is an active private limited company based in Mumbai, Maharashtra, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 09 February 1996 (30+ years old) and is registered under CIN U24290MH1996PTC097097.
Morex Composites reported revenue of ₹12.31 Cr for FY 2025 (up 2% YoY).
Morex Composites has 2 current directors:
- Santosh Kumar Anandilal More - Director
- Bijoy Kumar Anandilal More - Director
Morex Composites reported a net profit of ₹53.63 Lakh (net margin 4.4%) and EBITDA of ₹1.04 Cr (EBITDA margin 8.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Morex Composites is -7% over three years. In the latest year (FY 2025) revenue rose 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Morex Composites is 27AADCM4408Q1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Morex Composites is U24290MH1996PTC097097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morex Composites was incorporated on 09 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Morex Composites by revenue are Pioneer Semicon Materials Private Limited, Gudex Glass Industries Private Limited, Brahmani Glasstech India Private Limited, Allied Glasses Private Limited, MG Glass (OPC) Private Limited and 5 more, all in the Manufacturing industry (Glass Works).
Ajay Kumar Anandilal More ceased to be Director on 18 Apr 2013. Bijoy Kumar Anandilal More was appointed as Director on 18 Apr 2013. Priti Rahul Jitani ceased to be Director on 29 Apr 2009. Morex Composites has 4 board changes on record in total.
The registered office of Morex Composites is at Unit No 803 Ruby Crescent Business Boulevard Chakravarty Ashok Rd Ashok Nagar Kandi, Vali East, Mumbai, Maharashtra, India – 400101.